The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for February 2018. Crude decreased compared to the same period of last year, but gas showed a positive behavior.
Better oil prices and new E&P investments increased the government’s expectations on the industry for this year.
Charle Gamba, CEO of Canacol Energy (TSX: CNE), spoke about the natural gas sector, regulation, regasification plants and reserves potential.
Different governmental entities spoke about proposals to improve environmental issues. The development of these and more stories in our periodic Eco summary.
The Colombian government pledged to reduce pollution by signing the Paris agreement. Authorities have made changes to achieve these agreements, and ethanol is key in this process. Representatives of the sector expressed their opinion on Colombia’s capacity to meet the new ethanol demand.
The president of the Colombian Natural Gas Association (Naturgas), Orlando Cabrales, proposed a reform to Colombia’s royalty system.
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